Bp Plc

Aramco is particularly interested in Castrol’s operations in fast-growing markets like India, the people said, asking not to be identified because the information is private. Its Mumbai-listed subsidiary Castrol India Ltd. has a market value of about $2.5 billion.

Activist investor Elliott reported buys stake in British oil major BP, shares soar

The development, if confirmed, could see transformative changes at BP going forward, as the investor may look to enhance shareholder value. Elliott reportedly believes BP is 'undervalued', and the oil major's performance has been disappointing.

ONGC picks BP arm to help ramp up Mumbai High production, sees 60% more output

While ONGC is focusing on 'unlocking the potential' of new hydrocarbon resources, it is also looking at 'enhancing' recovery from mature fields like Mumbai High, which remains a top priority for increasing domestic production.

BP went for continuity. It needs a revolution: Javier Blas

Along with many other companies, BP loves to reinvent its brand. For a time, it marketed itself as Beyond Petroleum.

Investment returns disappoint BP chief Looney, green-energy strategy under review: Report

BP's chief executive Bernard Looney intends to emphasise less on environmental, social and governance (ESG) goals in the days to come, in a bid to clarify to the stakeholders that the ESG agenda is not deviating BP away from the path of profit, sources reportedly said.

BP to infuse 1 billion pounds in British EV charging over next 10 years

The company, which has sought to shift away from oil and expand operations in power markets and around electric vehicles, said in January its fast electric vehicle chargers were on the cusp of becoming more profitable than filling up a petrol car.

Nayara Energy says making steady progress in India expansion plan despite BP’s exit from Rosneft

Rosneft, along with a investment consortium comprising global commodity trading firm Trafigura and UCP Investment Group acquired the downstream and petrochemicals company in August 2017.

BP snaps ties with Russia's Rosneft, pressure grows on other Western firms to exit country

Political pressure is mounting on Western oil giants to exit Russia. Experts hint at $25 bn loss for BP over its Rosneft stake sale, while Brent prices are back near $105 levels.

Reliance, BP announce first gas from Asia’s deepest project

Located at a water depth of greater than 2,000 meters, R Cluster is the deepest offshore gas field in Asia and expected to reach plateau gas production of about 12.9 million standard cubic meters per day (mmscmd) in 2021.

BP eyes India's fuel market, wants gas in GST: CEO Bernard Looney

On the impact of COVID-19 on oil demand, Looney said it was too early to say what the true impact was but there would be some impact in the medium to long term.

India to be largest source of energy demand growth: BP Energy Outlook

BP said the central view used in the main scenarios is that global economic activity partially recovers from the impact of the pandemic over the next few years as restrictions are eased, but that some effects persist.

Oil giants' production cuts come to 1 million bpd as they post massive writedowns

The dramatic reductions in asset valuations and decline in output show the depth of the pain in the second quarter.

BP to invest $70 million in India's Green Growth Equity Fund

GGEF already includes investments from the Government of India, through the National Investment and Infrastructure Fund (NIIF), and the UK government, through the Department for International Development (DFID).

BP to cut 10,000 jobs worldwide amid coronavirus pandemic

The global energy industry has been hit hard by the pandemic as the widespread limits on business, travel and public life reduced the need for oil, gas and other fuels.

BP, Reliance investing $5 bn in KG-D6 to produce 1 bcf of gas

The three projects will help reverse the falling gas output from what was once the biggest gas-producing block in the country.

Reliance, BP to develop deepest gas find in KG-D6 block by 2022

MJ, or D55, development is the third project that the partners have taken up to revive flagging natural gas production from KG-D6 block.

Reliance Industries, BP to submit revised investment plan for KG-D6 gas finds

Senior executives in the joint venture said four deepsea satellite gas discoveries -- D—2, 6, 19 and 22 are planned to be developed together with D29 and D30 finds in the Krishna Godavari basin of KG-D6 block.

G S Singhvi named arbitrator for $1.5 bn ONGC-RIL dispute

The government has named former Supreme Court Judge G S Singhvi on the three-member arbitration panel that will decide on the validity of its USD 1.55 billion compensation claim from Reliance Industries for "unfairly enriching" and producing natural gas belonging to ONGC.

Exxon Mobil, BP, RIL likely to skip oilfield auction

Global energy giants Exxon Mobil, Chevron and BP plc as well as domestic players like Reliance Industries are unlikely to bid in the auction of 46 discovered small oil and gas fields that closes on Monday.

Govt grants BP Plc licence to set up petrol pumps in India

The government has formally granted a licence to BP Plc, Europe's third-biggest oil company, to set up 3,500 petrol pumps in India, making it the 10th company to enter the lucrative fuel retailing sector.

BP gets approval to retail petrol, diesel in India

BP will be the tenth player to enter the lucrative fuel retailing business that is seeing double digit growth, not seen anywhere in the world.

BP India gets license to sell jet fuel in India, says company

"India is a huge market ... Obviously we are a very large player globally in the aviation business, so it makes sense for us to be here," said Sashi Mukundan, regional president and India country head for BP .

RIL to relinquish two gas discoveries off east coast

Reliance Industries (RIL) has decided to relinquish two gas discoveries off the east coast and opted to carry out government prescribed confirmation tests to retain three other finds.

Russia's Rosneft in talks to buy stake in Essar Oil

There are negotiations on signing a firm term sheet for beginning of supplies, another source said. At the time of signing crude deal, Russian bank VTB had inked a deal to open a USD 1 billion credit line to Essar.

OilMin wants BP to furnish bank guarantee for ATF licence

The ministry, which had in March rejected BP's application to sell ATF on the ground that its investment does not qualify for a retailing licence, says the Europe's second-largest oil company can still get the licence provided it meets the eligibility criteria